Complementarity, Not Optimization, is the Language of Markets
Each market agent (producer or consumer) in a power market pursues its own objective, typically to maximize its own profit. As such, the specific behavior of each agent in the market is conveniently formulated as a bi-level optimization problem whose upper-level problem represents the profit seeking...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
IEEE
2020-01-01
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| Series: | IEEE Open Access Journal of Power and Energy |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/9215011/ |